Insurance industry in India is far behind its expected course of growth with the time. However, the sector is growing at a rate of 15% per annum. Thus the industry has good prospects for the job seekers. LIC of India, one of the leading insurance companies in India is recruiting candidates for the position of insurance advisors in the city of Noida and nearby towns such as Faridabad, Ghaziabad, New Delhi, Delhi, Hapur, Meerut, Sonipat and Rohtak.
A general job profile of an insurance agent or an insurance advisor includes meeting people and explaining to them the benefits of having an insurance policy and suggesting them one suitable to their present income and future plans. Once a customer agrees upon a policy, the agent helps him fill the form and submit the same and get the policy activated. The agent should then keep the customer reminding on every due date of premium so that s/he does not miss it as any such lapse would affect commission of the agent too.
Applicants have to undergo an examination organized by IRDA for their selection as an insurance agent. Qualifications required to be an agent include age above 18 years and education upto 10th at least. Anyone who has passed his/her 10th class examination and above 18 years of age is an eligible candidate for the post of an LIC agent. There is no other discrimination or qualification for the job.
There are no fixed working hours for LIC agents. Unlike any other 9-5 job, the company does not force it’s agents to work in the field or office for any fixed number of hours. Insurance agents are free to decide their own working hours and work from home only. They can fulfill the entire process online without requiring to go to the office.
Whether you are looking for a part time job, an additional income, an extra income, a second income resource, this can be the right choice for you. If you want to know how to register or how to apply online, what is the salary and other benefits, vacancies of LIC agents under recruitment drive 2020, 2021, you can get all information online. Just become an LIC agent, join today and work as an insurance advisor. Keep reading for requirements, benefits, career, qualification, eligibility etc. You will work as an independent representative or agency of LIC.
Given below is list of some of the benefits that LIC offers: Fix emolument + Attractive commission for long-term i.e. 35% of the premium in the first year of the policy, 7.5% in the 2nd & 3rd year of the policy and thereafter 5% every year till the maturity of the policy. Several performance incentives, Interest free loan for all your needs, Commission to nominee in case of death of the LIC agent, Retirement benefits including pension and gratuity, reimbursement of office expenses, Club memberships with multiple benefits viz. BM Club, ZM Club, Galaxy Member, Corporate Club, The Chairman’s Club, etc. and above all International recognition in the form of Million Dollar Round Table (MDRT).
Some of the intangible benefits that LIC offers to its agents are rewarding career, supportive team, attractive emoluments, independent working, excellent training, infrastructure support, club memberships and more.
Whether you are an unemployed, a fresher, Self-employed, College students, House wives, Tax Practitioner, Sales/Marketing Professionals, Brokers, Teachers, Bankers/Loan Providers, Accountants/Chartered Accountants, Consultants, Businessmen, a retired person or just anything else, you are an eligible candidate to apply for the post of LIC agent.
LIC is recruiting candidates in Noida and nearby towns such as Faridabad, Ghaziabad, New Delhi, Delhi, Hapur, Meerut, Sonipat and Rohtak. If you are in search of a good job and fulfill basic qualification requirements i.e. age above 18 and education upto 10th class from any recognized board, you can apply for the job online here. The information you provide here would be verified and then forwarded to a concerned development officer of the company for helping you through the selection process.
Frequently Asked Questions by Candidates willing to join LIC of India as Insurance Agent in Noida
How can I become an LIC agent in Noida?
Simply submit the form given above or call us at 9044336644 to join LIC as an Agent in Noida for a rewarding career that gives handsome commission, royalty based income, gratuity, awards and recognition and many more. LIC offers very attractive emoluments and lucrative commission structure to the deserving candidates. There are many other performance based incentives for the promotion of candidates.
How much does an LIC agent earn?
There are many assumptions about the salary of LIC agents. Though an LIC agent does not get a fixed salary but he can earn more than a doctor or an engineer or a lawyer or any other professional. There are thousands of LIC agents who earn in lakhs per month. The statistical data suggest the average income of an LIC agent to be Rs.39,200/- to Rs.67,000/- per month. The figure varies depending upon the number of policies an agent sells and amount of premiums paid by the policy holders. Besides salary, an LIC agent becomes eligible for several lucrative perks with the growth of his/her business. Some of the benefits include club membership, low/no interest loan, free insurance cover, gratuity and many more.
What is the minimum target for LIC agent?
The beauty of LIC Agent profile is that you yourself decide your target. You decide how much you want to earn per month or per annum. Once you decide your earning, calculate the total premium you need to generate on monthly basis to achieve your earning. For example, if you want to earn one lakh rupees a month, you need to sell insurance policies for 20,000/- premium. You can either sell one policy of 20,000 monthly premium or 4 policies of 5000/- each or 20 policies of 1000 each. This way you decide your own targets.
However, to survive your agency code, you need to do minimum 12 policies of any amount or 6 policies and 50,000/- premium or 1 Lakh premium in a year.
What is the commission of an LIC Agent?
Commission varies on various factors eg. Single premium policies give you 2% commission, regular policies upto 15 years PPT give you 28% commission and regular policies having 15+ year PPT gives you 35% commission. In the subsequent years, you get 7.5% commission in the second and third year, and from 4 th year onwards you get 5% commission till the policy premium term.
How can I apply online to become LIC Agent in Noida?
If you want to join LIC in Noida to earn a handsome income for life, submit the form given above or call us at 904433664. Candidates willing to become LIC Agent can apply online. Yes, now the process of LIC Agent Registration is available online. In fact the entire process of selection is conducted online only.
What is the Salary of an LIC Agent?
An LIC Agent does not get a fixed salary as such but he earn a handsome commission by way of commission on the insurance policies he sells. The commission is paid twice in a Month ie. On 1 st of every month and 16 th of every month. In the beginning, it may not come to as a salary but as you grow your career in insurance, you start getting the recurring commission for the policies you have done in the past. That way, you start getting a fixed remuneration every month which keeps growing as you generate more business month by month.
Is LIC agent a good career?
Like any other profession, LIC agency career also requires dedication, hard work, consistency, punctuality, customer service, achieving the targets, setting the new goals. Successful LIC agents of India earn in crores every year, to name few Mr. Bharat Parekh, Mr. Venkatesh Rao and many top agents of LIC of India earn in crores and have achieved a very good career as an LIC Agent.
Can I join LIC as part time agent in Noida?
Yes, if you are already working somewhere or a professional, you can join LIC as a part time agent. Initially, most people join LIC as a part time and gradually once their income gets stabilized you start it as a full time agent. It is completely your decision when to make it as a full time career. An accountant would keep his agency running on part time basis only. However, as an LIC agent when you start earning more than your full time job, you should quit that job and join LIC as full time agent.
Can a government employee become LIC Agent?
No, a government employee cannot become an LIC Agent, but if you want to earn a second income by joining LIC as an agent, you can take the agency code in your spouse name or any relative’s name.
Can a Chartered Accountant join LIC as an Agent?
Due to code of ethics, a Chartered Accountant cannot become an LIC Agent, but if he wants to earn a second income by joining LIC as an agent, he can take the agency code in his spouse or relative’s name.
Who are Development Officers and who will train me in Noida?
Development Officers in LIC are gazetted officers who not only train you but also act as a mentor in your career growth in LIC insurance. We assign you with top and experienced LIC Development Officer in Noida who have years of experience. They will groom you, train you and make you a successful LIC agent in Noida. They will always guide you and teach you on various methods to achieve various targets, club memberships, MDRT and other rewards and recognitions.